August 29, 2024/Citibank Nigeria Nneka Enwereji has been appointed as the new MD/CEO for Citibank Nigeria Limited (Citi) effective August 19th , 2024, following approval by the Central Bank of Nigeria. Enwereji succeeds Ireti Samuel-Ogbu who has retired from Citi after 36 years of service. Commenting on her appointment, Dr […]
Author: InvestAdvocate
SEC Obtains Default Judgment and More than $250 Million in Monetary Relief Against Tingo Mobile Founder and Three U.S. Companies Charged with Massive Fraud
August 29, 2024/US SEC On August 28, 2024, the U.S. District Court for the Southern District of New York entered final judgments against Mmobuosi Odogwu Banye a/k/a Dozy Mmobuosi and three affiliated U.S.-based entities of which he was the CEO, in connection with a multi-year scheme to inflate the financial […]
SEC Issues First Local Cryptocurrency Exchange License
August 29, 2024/CSL Research The Nigerian Securities and Exchange Commission (SEC) has recently issued its first provisional operating license to Quidax, an Africa-based cryptocurrency exchange. This significant regulatory shift comes in the wake of the SEC’s June 2024 directive requiring cryptocurrency exchanges and digital asset traders to re-register their businesses […]
